Economists generally agree that in the long run changes in aggregate demand affect
A) aggregate output but not the price level.
B) the price level but not aggregate output.
C) both the price level and aggregate output.
D) neither the price level nor aggregate output.
B
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Bert put $75 into an account and one year later had $100 . What interest rate was paid on Bert's deposit?
a. 20 percent b. 25 percent c. 28 percent d. None of the above is correct.
Which of the following would most likely be sold in the product markets?
A. plastic material B. entrepreneurial ability C. a portable power bank D. stocks and bonds
The used-car market is an example of an market with imperfect information.
Answer the following statement true (T) or false (F)
Value-added taxes were introduced in the European Union _____
a. to get rid of inefficient transaction taxes b. to harmonize tax structures among nations c. to make taxes more equitable d. all of the above e. a and b